Aung Thein, vice president of the Myanmar Industries Association and managing director of Nibban Electronics, welcomed the move, saying it would boost exports to the US and strengthen local industries. Garment factories would reap the most from the decision, he said. “For the time being, some well-known brands like H&M have been making some of […]
Mandalay real estate agents hope for stable market
December 10, 2015 by
Some veteran estate agents in Mandalay said they would rather see a steady market, when the new government takes office next year, than surging prices. Property sales have been subdued across Myanmar’s major cities this year, with only the rental market performing. In Mandalay, real estate speculators took control of the market in late 2011 […]
Hope yet for Nay Pyi Taw’s real estate market
December 7, 2015 by
Real estate agents say they hope Nay Pyi Taw’s “sluggish” property market will pick up as the new government takes the reins early next year. Land prices in the capital enjoyed a brief surge in 2013, first when Myanmar held the Southeast Asian Games, and then as Myanmar assumed the chair of ASEAN. But while […]
Estate agents predict foreign cash influx
December 7, 2015 by
Real estate sources are forecasting new laws and the availability of commercial property will draw in a wave of foreign investors. Active players market have reported increased interest in Mandalay and Bago, especially as prices rise in Yangon. “Next year, eyes will no longer just be on Yangon but on second and third cities. The […]
Lawmakers to Seek Answers on Stalled Kyaukphyu SEZ
June 19, 2015 by
RANGOON — Arakanese parliamentarians will propose that the regional legislature discuss the awarding of tenders for the Kyaukphyu special economic zone (SEZ), with an announcement of the winners expected six months ago but beset by delays. A spokesperson for the Kyaukphyu SEZ bid evaluation committee told The Irrawaddy in March that the project was still […]
